CSW Industrials, Inc., a diversified industrial growth company with well-established, scalable platforms and domain expertise across three segments: Industrial Products; Coatings, Sealants & Adhesives; and Specialty Chemicals, announced the closing of a five-year, $250 million revolving credit facility, with an additional $50 million accordion feature. Including the accordion feature, the new credit facility represents a $100 million increase compared to the company’s previously disclosed plans, allowing for greater financial flexibility to execute strategic priorities. The interest rate on the new credit facility is initially Libor plus 1.75%, representing a reduction from the weighted average rate of existing debt outstanding.

The new facility was arranged by JP Morgan Chase and SunTrust Robinson Humphrey, with additional existing and new lenders participating in the deal.

The closing of the credit facility marks an incremental milestone in building the centralized platform for CSW Industrials, and the company intends to use borrowings under the new facility to refinance substantially all existing debt. Importantly, with over $200 million of incremental borrowing capacity after existing debt repayments, and more than $50 million in cash on the balance sheet, CSW Industrials is well positioned to execute its previously announced acquisition strategy.

CSW Industrials is a diversified industrial growth company with well-established, scalable platforms and domain expertise across three segments: Industrial Products; Coatings, Sealants & Adhesives; and Specialty Chemicals. CSW Industrials’ broad portfolio of leading products provides performance optimizing solutions to its customers. CSW Industrials’ products include mechanical products for heating, ventilation and air conditioning (“HVAC”) and refrigeration applications, coatings and sealants and high performance specialty lubricants. Markets that CSW Industrials serves include plumbing, industrial, HVAC, energy, rail, architecturally-specified building products, mining and other general industrial markets.